Economist, actor, author, and former quiz show host Ben Stein teamed up with investment psychologist Phil De Muth to examine a century of stock market data and discovered a profound and original investment truth: Yes, you can time the market! In their instant investment classic Yes, You Can Time the Market!, Stein and De Muth show investors simple, readily available measurements that tell them when it’s time to invest in stocks, bonds, real estate, or cash. Written for the investor who wants to preserve capital and build wealth steadily, this book offers prudent, bedrock advice for anyone who can no longer afford to play games with their money.
Table of Content
Chapter One
The Impossibility of Market Timing 1
Chapter Two
The Power of Price 9
Chapter Three
The Price/Earnings Ratio 29
Chapter Four
Dividend Yields and Market Timing 51
Chapter Five
Fundamental Value 69
Chapter Six
Bonds, Price-to-Cash Flow, Price-to-Sales 87
Chapter Seven
Combining Factors for Superior Returns 103
Chapter Eight
Using Market Timing 135
Chapter Nine
Looking Forward: A Note of Caution 165
Appendix 179
Bibliography 183
Index 187
About the author
BEN STEIN is best known as the former host of Comedy Central’s Emmy Award–winning game show Win Ben Stein’s Money. He is also an economist, humorist, investor, lawyer, and actor. The author of several books on finance, hisessays and columns have appeared in such publications as the Wall Street Journal, Barron’s, and Forbes.
PHIL De MUTH is an investment advisor and Ph D psychologistwho has a longstanding interest in the stock market and has writtenfor the Wall Street Journal and Barron’s, as well as Human Behavior and Psychology Today.